That would actually leave the tax liability behind as I recall.

Get the vacancies leased up, any deferred maintenance taken care of and then look at the ACTUAL numbers at that time and consider adjustments to your strategy.

Of course I do not want to post anything that would discriminate against protected classes, and I am actually not afraid to take people with section 8 or other vouchers, so long as they meet the other qualifications. 

Run the math not a BOE but an actual calculation to determine your tax so you can actually make an informed decision. 

Based on my research of the area, you have to spend around 75-90 asking in order to actually have enough room for a substantial profit?

If I assume that the (actual) inflation rate is 5% and the initial rent is $1,000/Mo, what is the inflation-adjusted adjusted rent (or buying power) in 5, 7, and 10 years?

You definitely do NOT want your coverage limit to be the ARV but instead the actual rebuild costs if you experience a total loss.

Then I will make my actual decision."   

I’m guessing are a lot of condos. 

Guess I just don't know how I'd ever prove that I'm not spending any time in the insurance business given the income and W2.